Data from the USA helped on the WSE. In WIG20 PGE is doing, CCC dives, and Orlen shares are still with dividend
As expected, the most important macroeconomic report of this week was reflected in the Warsaw Stock Exchange. The increase in prices in the US seems to be resistant to Donald Trump's new customs policy, which improved market moods. Locally, the reflection of the PGE action and further discount of CCC values drew attention. It was the last session to buy shares with the right to dividend from Orlen for 2024.
The market responded positively to a set of inflation data from the USA for July. The CPI rate increased by 2.7 percent. In terms of yields, with expectations of 2.8 percent. rdr. Basic inflation was slightly higher than the forecasts, which Krzysztof Kola wrote more about. However, it seems that investors breathed a sigh of relief, seeing that the new customs policy of the USA does not translate (yet?) Take out of prices. Although the first negative surprises were expected in July. There was no such, so the reduction of interest rates in September by the Fed seems to be a foregone conclusion at the moment. He lost the dollar, which reduced to EURO by about 0.4 percent. And similar to the zloty.
Before publishing the data, the indexes did not really look for the direction, but after their announcement at 14.30 term contracts for American indexes jumped, WIG20 dynamically started above the level of 3000 points, the German Dax began to make up for the losses. The cash register session at Wall Street began with growth, maintaining good moods in the markets.
Advertisement
Finally WIG20 gained 0.66 percent, WIG was higher by 0.54 percent In turn, mWIG40 was slightly less with an increase of 0.22 percent. and swig80, which also gained 0.22 percent Again, the holidays were in the wide market, which reached PLN 1.42 billion in the wide market, of which PLN 1.20 billion concerned companies from WIG20.
This week, Wednesday's data on GDP in the second quarter in Poland will be important, as well as a package of data from the American market, including retail sales, whose publication was scheduled for Friday, when there is no session on the WSE (Polish Army Day). On Friday, the presidents of the US and Russia and conversations about the war in Ukraine will also be found.
In the Blue Chip index, a clear reflection after Monday's discount by 4 percent. He noted the PGE course (4 percent). According to Sobiesław Kozłowski, on Monday the PGE course probably followed the course of the Orssted company, which lost 28 percent. After announcing the issue of conscription rights worth 60 billion DKK. Orsted is a partner in the Baltica 2 wind farm built from PGE Farm.
The Kęty Group course (3.35 percent), and banks, such as Alior (2.22 percent) and Santander (1.45 %), have also distinguished themselves in WIG20. MBank analysts have appeared on the market, who increased the recommendation for Santander Bank Polska to “hold”, and set the target price at PLN 558.90. Santander's course finished the session at PLN 572.20.
It is worth mentioning Orlen (1.89 percent), for which the course it was the last session before the dividend cut (PLN 6 per share). In addition, as the Norwegian financial fund reported on Tuesday showed on Tuesday, Orlen's shares ceased to be sold in the previous half year by managers who even slightly increased their involvement in the Polish giant. More about changes in the portfolio of companies from the WSE of the Fund can be read in the article “Norwegians bought Orlen shares, reduced the position on CD Projekt. The value of investments in Poland is the largest in history”.
For growing over 1.1 percent Copper prices were followed by the KGHM course (1.49 percent). On WIG20, on Tuesday, he reduced the CCC exchange rate (-2.89 percent) the most, followed by CD Projekt (-1.29 percent), which the Norwegians in turn got rid of in the previous half of the year. Under the line from large companies there were also the qualities of mBank and retail companies such as Dino, Żabka, Pepco, LPP and Allegro. All she lost, however, no more than 0.6 percent.
At CCC, it is worth noting that the course is falling with breaks from July 21 and from that day the company's course went down by over 20 percent. This year, the CCC exchange rate has already dropped by about 10 percent. And it is the lowest since the end of January, after in 2024 it gained over 200 percent.
On the wide market, the discount of the shares of Ukrainian companies, which in recent days, has gained speculation on the possible effects of Trump-Putin talks in recent days. On Tuesday, the Calenergy exchange rate fell by 9.66 percent, Milkiland donated 8.4 percent, Agroton fell by 5.756 percent, and the largest Astarta in this group lost only 1.16 percent, but earlier increases were also smaller. In addition, BNP showed very good results for the second quarter, and the exchange rate gained 1.8 percent. In turn, Synektik (0.28 percent) concluded a contract with the hospital in Radomsko regarding delivery, assembly, installation and launch of robotic systems.
Michał Kubicki
